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Search Results 0 to 8 of about 9 (some duplicates have been removed)
WHUT
Jan 24, 2013 7:30am EST
. >>> japan's ruling coalition parties have been talking about tax as the basis for the new budget. they have agreed to introduce a new tax break for supporting the poor when the consumption tax doubles in 2015. the agreement is part of a tax reform plan for fiscal 2013, which the liberal democratic party and the new kuomot approved on thursday. under the plan lower rates take effect in october 2015 when the consumption tax is set to double to 10%. the two parties have also decided on an income tax hike. under their plan people with annual incomes of more than $450,000 will get a tax rate of 45%. that's up from the current 40%. the new rate set to go into effect in january 2015. >>> all right. that's going to do it for biz tonight. i'm going to hand it back to gene. >>> ron, thank you for that. a japanese citizen considered missing after last week's hostage siege at a natural gas plant in algeria is now confirmed dead. this brings the number of japanese victims to ten. islamist militants attacked the desert facility and kidnapped hundreds of workers. chief cabinet secretary yoshihide suga jus
WHUT
Jan 29, 2013 7:30am EST
of over 1%. also for the first time in four years, tax revenues are expected to exceed what the government would get by issuing new bonds. the government expects tax revenues to total over $473 billion, or nearly 2% more than in this fiscal year. meanwhile, new bond offerings will fall by 3% to about $470 billion. japan still replies on government bond sells for 46% of its total revenue. the outstanding balance of government debt is expected to total about $8.2 trillion at the end of fiscal 2013. to repay it, the nation requires 17 years worth of tax revenues. the total debt also translates into almost $65,000 per person. the government plans to submit the draft budget to the diet for approval by the end of next month. >>> let's check on the markets. european stocks are trading slightly lower. investors appear to be taking a wait to see stance before the fed's policy meeting as well as release of u.s. fourth quarter gdp this week. london's ftse 100 right now down by a fraction. frankfurt's dax down by 0.17%. the cac 40 in paris down by 0.3%. earlier in asian trading stocks lacked direction
WHUT
Jan 31, 2013 7:30am EST
announced this month. the officials say another focus will be whether the consumption tax hike scheduled for april next year will spur last-minute purchases of homes. >>> officials from a japanese car industry organization expect domestic sales of new vehicles this year to be lower than 2012. the japan automobile manufacturers association has put its forecast for 2013 at 4.7 million units. that's down 11.7% or 630,000 units when compared with the year ago. the figure represents the first decline in two years. officials of the association say demand has slackened after government subsidies for buyers of eco-friendly vehicles expired last september. they also project last-minute buying is not likely ahead of a planned consumption tax hike in april next year. that's because of an expected reduction in the auto purchase tax. the association adds prospects are grim because the replacement cycle for cars is getting longer. >>> now let's check on the markets. european stocks are trading lower. investors are apparently taking profits as they remain cautious ahead of the key u.s. jobs data due ou
PBS
Jan 24, 2013 7:00pm PST
more purchases including things like houses before a plant consumption tax hike in april 2014. the government has concluded that the economy will expand 5 2.5% in real terms and 2.7% in nominal terms. based on the assumption that prices will pick up modestly the government projects nominal growth will exceed real growth for the first time in 16 years. the dollar is gaining further ground against the yen. earlier it hit a high. now it's changing hands to 39 yen. traders have seen rates drop to a five-year low. that's provided a brighter outlook for the american economy. the consumer price index dropped in december for a second month running as well. the euro is trading higher and that's being quoted at 120.77 to 79 against the yen. now to stocks. a weaker yen is prompti ining inverinver investors to buy. let's take a look at other markets in the asia pacific region. the kospi is trading lower by half a percent. in australia the benchmark index is trading higher by .4 of a percent. german chancellor expressed concern. her remarks suggest that japan's efforts could be regarded
PBS
Jan 28, 2013 7:00pm PST
for redeeming government bonds. tax revenues will exceed income for new government bonds first time in four years. the abe administration also hopes to improve japan's fiscal standing. the new draft budget reduces reserve funds by about $11 billion. it also puts a cap on debt service costs. a whopping 46% of total revenues still come from bonds reflecting the dire fiscal condition. now let's get a check on the markets. tokyo stocks are moving in a tight range this morning. as investors are keeping an eye on currency moves, the nikkei is trading flat at 10,831. some investors are trading shares to lock in gain. the dollar is slightly losing ground against the yen. the dollar against the yen is changing hands at 90.47 to 50. the euro/yen is also lower. that pair at 121.71 to 74. many market players are on the sidelines waiting for the release of u.s. gdp and jobs data later in the week. the kospi trading higher by .4 of a%. 1,948 and in australia the benchmark index is trading higher 4,873 this tuesday morning. the u.s. agriculture chief has welcomed japan's easing of impact restrictions on i
PBS
Jan 29, 2013 7:00pm PST
and is the lowest level since november 2011. they say the increase in the payroll tax has dampened consumer sentiment. u.s. share prices are rising as investors expect an economic recovery. but the focus now is what impact the increased pessimism will have on personal spending, which accounts for 70% of u.s. gross domestic product. >>> officials at royal philips electronics in the netherlands will sell their audiovisual equipment division to a japanese firm. they want to take a step back from consumer electronics and focus on their medical and health-related business. the philips division makes products like video decks, portable music players, and headphones. japan's funai electric is set to acquire it by the end of this year. officials of the two firms say they made a deal for 150 million euros. that's over $200 million. philips officials have also spun off their television business to a joint venture with a taiwanese firm. now, funai electric plans to maintain the philips brand and expand sales to emerging economies in asia and south america. >>> one of japan's major oil wholesalers will
Search Results 0 to 8 of about 9 (some duplicates have been removed)